FTSE Russell Reconstitutes US Equity Indexes
June 11, 2019 by Bernice Napach
FTSE Russell has announced its annual reconstitution of the Russell 3000 index, which tracks the performance of the 3,000 largest U.S. traded stocks, and the Russell Microcap, comprised of over 1,500 of the smallest U.S.-based stocks. Both indexes are market-cap weighted.
In total, close to 170 stocks will be added and about 160 stocks will be deleted from the market-cap-weighted indexes, effective July 1, the first trading day after the list is finalized on June 28.
A preliminary list of changes released June 7 reveals that Uber, Lyft , Beyond Meat and PagerDuty, which all went public earlier this year, will join the Russell 1000, along with Spotify, which went public the previous year. A final list won’t be published until June 28, but updates will be available on June 14 and 21.